Raskin Out: Biden Pick Withdraws Fed Nomination After Manchin Nukes Chances

President Joe Biden’s to the Federal Reserve board, Sarah Raskin, has withdrawn herself from consideration after Sen. Joe Manchin (D-WV) doomed her prospects of moving forward to the position.

As the New Yorker reports, Raskin’s withdrawal comes amid what she described as “relentless attacks by special interests” who called her out over radical views on climate change, fossil fuels and other matters.

On Tuesday, Raskin submitted a letter to Biden withdrawing herself as nominee to become the vice-chair for supervision of the Federal Reserve Board – a nomination that she says Republicans in the Senate Banking Committee “held hostage.”

Developing…